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  3. failure to accrue interest expense results in: a.

Failure to accrue interest expense results in: A. an overstatement of net income and an...

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Accounting

Failure to accrue interest expense results in:

A. an overstatement of net income and an understatement of liabilities.

B. an overstatement of net income and an overstatement of liabilities.

C. an understatement of net income and an overstatement of liabilities.

D. an understatement of net income and an understatement of liabilities.

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